DAX 40

Neutral

Archived analysis from Sep 1, 2026, 3:32 AM

Key insight

26,570 all-time high now acts as resistance; holding above 26,100 (50-day MA zone) is minimum requirement for bull case to stay intact heading into Sep ECB.

Pulls back -0.26% to 26,215 after all-time high of 26,570 on 28 Aug; needs fresh catalyst to reclaim that record and sustain above it.

Main risk

Hawkish ECB / Oil-driven inflation

Rising oil at $85.9 lifts eurozone CPI expectations, pushing ECB toward a hawkish hold — headwind for DAX multiples.

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